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https://ift.tt/G590sxw Summary Meta Platforms FB , Alphabet, Visa V and Microsoft MSFT are trading at a discount. Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)’s former “tiger cubs,” is known for being an early investor in Facebook and Spotify Technology SA (SPOT, Financial). The guru’s New York-based

https://ift.tt/UlPJWtm From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Total carloads on U.S. railroads were down 1.1% in September 2022 from September 2021. Since 1988, when our carload data begin, only 2020 had fewer total carloads in September than 2022 did. … Intermodal was down 4.8% in

https://ift.tt/iR9nKLX Today, Payments Canada released its annual Canadian Payment Methods and Trends 2022 report, which analyzes 19.7 billion payment transactions made in 2021, totalling $10.8 trillion, and highlights trends that are transforming the Canadian payment landscape. The report reveals that the total Canadian payment market grew by four per cent in volume and 15% in

https://ift.tt/VOrwk5x From BofA: The narrowing of the August trade deficit to $67.4bn was slightly more than expected. After rounding, the data since our last weekly publication caused our 3Q US GDP tracking estimate to remain at 1.5% q/q saar. [October 7th estimate]emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +1.9%

https://ift.tt/EHILAqQ Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi Xu: Weekly Housing Trends View — Data Week Ending Oct 1, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory.

https://ift.tt/zt8cLVh With huge changes at the top of Government and right through Cabinet, new faces are, of course, already developing new policy directions for the country. There’s a lot of expectation for this new Government, and major fiscal announcements have already shown they want to make change. We’ve seen the Prime Minister has committed to

https://ift.tt/9sVQbNc Associated Bank Branch Associated Bank In a bygone era, bankers operated by what was once known as the 3-6-3 Rule: collect deposits at 3 percent, lend them at 6 percent and be on the golf course by 3 PM. More than a decade of low interest rates following the Great Financial Crisis seemingly upended

https://ift.tt/qw9BL2b Retail Inventory Glut Is About To Get Ugly getty The retail industry kicked off the crucial fourth quarter of 2022 weighed down by the same inventory imbalance that greeted it in the first quarter, with the added prospects of subdued holiday sales and an anemic first half of 2023. “I hesitate to call it

https://ift.tt/n7rOouw China Last Night KraneShares Week in Review Hong Kong returned from its holiday in good spirits as the Hang Seng Index gained +5.9% on Wednesday on multiple catalysts, including Hong Kong reopening for unrestricted travel, the US dollar potentially peaking, and the 20th National Party Congress, which will start on the 16th. Travel and

https://ift.tt/Bi1RAIP Hundreds of pro-cannabis demonstrators march in New York City. Getty Images This week, President Biden announced plans to pardon thousands of people who have federal convictions for marijuana possession on their records. He is also asking his administration to explore whether the plant should be removed from the list of Schedule 1 drugs like

https://ift.tt/2mf4X63 Traditional retail banking institutions are facing a major perception gap between the expectations of consumers and the perceived performance of their brand. This is the central finding of a new report from customer engagement specialist Braze.  Similar concerns have been flagged up by consulting firm Capgemini which found that retail banks are currently lagging

https://ift.tt/UIBAEv0 AFP via Getty Images Key takeaways A recent series of surveys have highlighted mixed approaches and values placed on ESG spending and investing 91% of U.S.-based CEOs believe we’ll see a recession in the next year, with 59% planning to pause or reconsider ESG spending Only 25% of North American business leaders believe that

https://ift.tt/vkJuV7Y | Getty Images Key Takeaways Utilities are needed for everyday life, so even during a down market they are still a good investment – see the list of securities below. To offset the lack of long-term growth, most utilities pay a healthy dividend that helps provide a higher overall long-term return. Many utilities are

https://ift.tt/ty9RZ5j The headline jobs number in the September employment report was slightly above expectations, and employment for the previous two months was revised up by 11,000, combined.   The participation rate decreased, pushing down the unemployment rate to 3.5% – equaling the lowest unemployment rate since 1969!  And the employment-population ratio was unchanged.  Leisure and hospitality

https://ift.tt/RIXcHtT In figures that have just been released by the Bureau of Labor Statistics, there were a total of 263,000 new non-farm jobs added in the month of September. This took the unemployment rate down slightly to 3.5% from 3.6% last month. This sees the unemployment rate head back down to the same level as

https://ift.tt/athIwVO From the BLS: Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality and in health care.…The change in total nonfarm payroll employment for July was revised up by 11,000,

https://ift.tt/BzxUVgk FTX has inked a global agreement with Visa to offer crypto-linked debit cards to customers in 40 countries. Already available in the US, the FTX account-linked Visa debit cards will now be rolled out in dozens of countries, initially in Latin America, with Europe and Asia to follow. The cards allow users to convert

https://ift.tt/3XcihIE Verizon Communications has been named as the ”Top Dividend Stock of the Dow”, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that among the components of the Dow Jones Industrial Average, VZ shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent VZ share

https://ift.tt/sltyjkX | Getty Images Key Takeaways Excessive government spending is hurting the pound against the dollar. Price caps and record high inflation is also a factor for a weak pound. The U.S. dollar is rallying as investors seek a safe haven during economic uncertainty. The British pound has fallen to levels not seen since the

https://ift.tt/zEo6qsU Assetera, the first EU-regulated trading platform for digital securities and digital assets, licensed and supervised by the Austrian FMA, partners with Tokeny, the leading tokenization solutions provider. With this partnership, Assetera will become a liquidity venue compatible with DINO, the global distribution network for tokenized private assets, leveraging the ERC3643 protocol, to provide European

https://ift.tt/CbsVEFd ICICI Bank today announced the launch of an online solution to help its customers carry out SWIFT based inward remittances in a faster and hassle-free manner. Named, ‘Smart Wire’, the facility allows both NRIs and resident customers to undertake inward remittance transactions in an online and paperless way. ICICI Bank is the first bank

https://ift.tt/zB2ZCi3 The human brain’s job is not to analyze data or make complex decisions. Our mind’s primary job is to ensure we survive the present day and live to see another. It plays many tricks with the facts to get us to tomorrow.  The brain’s tricks and systematic deviations from rationality are called cognitive biases.

https://ift.tt/Fb5RfOE Topline The unemployment rate unexpectedly fell last month as the economy added another 263,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pandemic recovery, may not be cooling quickly enough for the Federal Reserve to ease up on interest rate hikes meant to combat inflation by slowing

https://ift.tt/BaTfld6 FCA research has found that a quarter of consumers would consider withdrawing pensions savings to cover cost of living in the current crisis. According to the FCA, this renders consumers vulnerable to ‘misdirection’ scam tactics. The findings are backed up by retirement income market data which shows that the number of pension plans accessed

https://ift.tt/I1vGDAF Citi Ventures, Citigroup’s first venture capital investing group, and Accel, have co-led a $6 million initial capital financing round for xalts, a Hong Kong based digital asset management firm. This marks Citi Ventures’ first seed investment in a crypto firm. The digital asset management firm was co-founded by a former trader at HSBC Holdings,

https://ift.tt/nGlwEMt HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. While making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will power commerce that is rapidly evolving across different platforms and ecosystems. Developed in partnership with CGI, the new platform

https://ift.tt/LboR1aZ Over the last half decade, industry insiders around the world have watched cybersecurity budgets balloon astronomically to fight the ongoing threats facing businesses everywhere. The rise of ransomware, the constant assault of phishing attacks, the never-ending list of vulnerabilities, it all culminates in a diverse threat profile that requires a multitude of technical solutions

https://ift.tt/3dpGV8x The 1970s is the ultimate American allegory of inflation. By official measures, it was the worst inflation rout in America’s post-war history, with inflation peaking at 14.6%. It was also a bitter lesson about what happens when policymakers bide their time—for political gain and whatnot. So, naturally, the 1970s is always the reference for

https://ift.tt/otjWSYM An estimated $100 million in Binance Coin (also known as BNB token) tokens were stolen during a targeted hack on the BSC Token Hub on Friday. Hackers broke into the cross-chain bridge linking Binance with Binance Smart Chain (BSC) to shift the funds. These bridges are designed to facilitate the movement of tokens from